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228 Thompson Street

ECA Leases 2,350 SF Retail Space To Jason Cho At 228 Thompson Street In New York
LEASEDRetail

ECA Leases 2,350 SF Retail Space To Jason Cho At 228 Thompson Street In New York

228 Thompson Street

$180

$180/SF

Building Size

2,350 SF

Asset Type

Retail

Closing

Aug 10, 2026

AI

The asset involved in this transaction is a retail space located at 228 Thompson Street, New York. The retail lease includes an asking rent of $180 per square foot for a total area of 2,350 square feet.

Summary of transaction details:

The key individuals involved in the transaction include Jason Cho, who is the tenant representing Cypher, and the landlord, ECA. The transaction was facilitated by Noam Aziz and Carson Shahrabani from Meridian Capital Group, who represented the landlord in this deal.

Players

Noam Aziz

Meridian Capital Group

Broker

$900K

vol

265 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

88127.78%

Cash-on-Cash

-25187.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93